Olympus Partners, a Stamford-based private equity firm, agreed to acquireย International Wire Group (IWG)ย fromย Atlas Holdingsย in a transaction valued at more than $900 million. Thisย Olympus Partners International Wire Group acquisitionย supports IWGโs next phase of growth in fastโgrowing electrification and infrastructure markets.
Olympus Partners International Wire Group Acquisition Backs Next Growth Stage
Atlas Partner Neil Mahajan said that when Atlas acquired IWG, the firm partnered with IWG President and CEO Gregory Smith to transform and grow the business. Over the past four years, IWG strengthened its industryโleading position and built a strong platform for continued expansion. Mahajan noted that Atlas will remain an investor and continue to support the company as it enters this new chapter with Olympus Partners.
Olympus Partners CEO and Chairman Rob Morris said that the company now sees IWG ready for its next stage. He explained that IWG has grown steadily over time and now needs additional capital to keep scaling. Olympus Partners will provide that capital and help the business grow further in key markets, including electric vehicles, charging stations, aerospace, and data centers.
International Wire Groupโs Global Platform in the Olympus Partners International Wire Group Acquisition
Headquartered in Camden, New York,ย International Wireย is the largest nonโvertically integrated copper and copperโalloy wire products manufacturer in the United States. Its product portfolio includes singleโend wire and copper wire on bobbins, stranded conductors, metal and textile braided products, flat wire, and overโbraiding services for copper wires.
Worldwide, IWG operates 19 manufacturing facilities and a distribution facility across several business units. These include its Bare Wire Division (with Continental Cordage and High Performance Conductors), Owl Wire, and International Wire Europe. The European operations run five factories under brands such as Italtrecce in Italy, Tresse Mรฉtallique J. Forissier in France, and International Wire Polska in Poland.
Long-Term Investors Support the Olympus Partners International Wire Group Acquisition
Atlas acquired IWG in April 2019 and will remain an investor after the Olympus Partners International Wire Group acquisition closes, which the parties expect to happen in the second quarter of this year. Atlas and its affiliates own and operate more than two dozen industrial businesses, and they plan to continue supporting IWG alongside Olympus.
Morris reiterated that Olympus sees strong potential for IWG as demand rises in electrification, transportation, and data infrastructure. IWG President and CEO Gregory Smith thanked Atlas for helping drive the companyโs growth and said he looks forward to serving longโstanding customers while partnering with Olympus Partners to pursue the next stage of expansion.
